Question 229062
For this problem, starting with year 1, if you take 45,000 and multiply it by 10% percent, you will get 4,500. Well add that number to 45,000 to equal 49,500. Proceed to year 2, take your total 49,500 and multiply by 10% to get 4,950. Add that number to 49,500 to equal 54,350. Proceed to year 3 and so on. 
Hope this helps!